Global Compressed Natural Gas (CNG) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025

  • ID: 4431650
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  • Region: Global
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Compressed Natural Gas (CNG) Market, By Source, By Application and By Geography - Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global compressed natural gas (CNG) market was valued at US$ 76.3 Bn in 2017, and is expected to each US$ 315.9 Bn by 2025, expanding at a CAGR of 10.5% from 2017 to 2025.

Market Insights

Global compressed natural gas (CNG) market is projected to witness high growth over the forecast period. Increasing adoption of CNG as alternative fuel to gasoline and diesel due to increasing fuel efficiency of the vehicles is projected to encourage the use of CNG as vehicle fuel. Further, favorable government initiatives such as subsidies especially in key consuming economies of Asia Pacific such as China, and India to promote the use of CNG due to its low greenhouse gases emission properties is projected to fuel the demand for the CNG over the forecast period. Increasing investment in infrastructure to increase the penetration of CNG as a vehicle fuel is also expected to augment the growth of the segment. This in turn is projected to drive the demand for CNG over the forecast period. However, lack of infrastructure and high installation cost for the storage and supply of CNG is expected to remain the key challenge for the global compressed natural gas (CNG) market during the forecast period (2016-2024).

Asia Pacific is projected to be the key consuming market in global compressed natural gas (CNG) market. Increasing number of natural gas based automobile coupled increasing investment in infrastructure for CNG storage and distribution facilities in the region is projected to augment the demand for CNG in the region. Further, favorable regulatory support to promote CNG as the alternative auto fuel due to its low greenhouse emission characteristics is anticipated to fuel the demand of CNG in the region. The region is also projected to witness highest growth over the forecast period (2016-2024).

By Source, non - associated segment was the most dominant segment in 2015 and anticipated to continue its dominance of over the forecast period. Increasing exploration and production of conventional natural gas reserves especially in Middle East & Africa and Europe is anticipated to drive the growth of the segment during the forecast period. Unconventional segment is expected to be the fastest growing segment during the forecast period. Growing shale gas production in U.S., Canada and China is anticipated to fuel the supply of natural gas through unconventional reserves over the forecast period (2016-2024).

By application, light passenger vehicles segment was observed to be the largest segment in 2015 in compressed natural gas (CNG) market owing to growing popularity of the CNG as an auto fuel due to higher efficiency of the CNG powered vehicles. Further, growth in number of passenger car due to growth in per capita disposable income of middle class especially in China and India is projected to fuel the demand for the CNG during the forecast period. The segment is anticipated to grow at significant rate and projected to maintain its dominance over the forecast period (2016-2024).

Considering the competition, the global compressed natural gas (CNG) market is expected to witness a significant rise in investment in capacity expansion for the production and supply of CNG. Further, market has witnessed strategic mergers and collaborations among compressed natural gas (CNG) regional and global players. Such growth strategies are focused on increasing their market penetration in key consuming economies.
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1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Compressed Natural Gas (CNG) Market Snapshot
2.1.1. Global Compressed Natural Gas (CNG) Market by Source, 2015
2.1.2. Global Compressed Natural Gas (CNG) Market by Application, 2015
2.1.3. Global Compressed Natural Gas (CNG) Market by Geography, 2015
2.1.4. Market Drivers, Challenges and Trends

3. Global Compressed Natural Gas (CNG) Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power Of Suppliers
3.7.2. Bargaining Power Of Buyers
3.7.3. Threat Of Substitutes
3.7.4. Threat Of New Entrants
3.7.5. Industry Rivalry

4. Global Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2015 - 2025
4.1. Overview
4.1.1. Market Share Analysis by Source, 2015 - 2025
4.1.2. Attractive Investment Proposition by Source
4.2. Associated Gas
4.3. Non- Associated Gas
4.4. Unconventional Gas

5. Global Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2015 - 2025
5.1. Overview
5.1.1. Market Share Analysis by Application, 2015 - 2025
5.1.2. Attractive Investment Proposition by Application
5.2. Light Passenger Vehicles
5.3. Medium duty/heavy duty (MD/HD) Buses
5.4. Medium duty/heavy duty (MD/HD) Trucks
5.5. Others (Autos)

6. Global Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Geography, 2015 - 2025
6.1. Overview
6.1.1. Market Share Analysis by Geography, 2015 - 2025
6.1.2. Attractive Investment Proposition by Geography
6.2. North America Compressed Natural Gas (CNG) Market Analysis, 2015 - 2025
6.2.1. North America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2015 - 2025
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2015 - 2025
6.2.2.1. Associated Gas
6.2.2.2. Non- Associated Gas
6.2.2.3. Unconventional Gas
6.2.3. North America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2015 - 2025
6.2.3.1. Light Passenger Vehicles
6.2.3.2. Medium duty/heavy duty (MD/HD) Buses
6.2.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.2.3.4. Others (Autos)
6.3. Europe Compressed Natural Gas (CNG) Market Analysis, 2015 - 2025
6.3.1. Europe Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2015 - 2025
6.3.1.1. Russia
6.3.1.2. U.K
6.3.1.3. Rest of Europe
6.3.2. Europe Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2015 - 2025
6.3.2.1. Associated Gas
6.3.2.2. Non- Associated Gas
6.3.2.3. Unconventional Gas
6.3.3. Europe Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2015 - 2025
6.3.3.1. Light Passenger Vehicles
6.3.3.2. Medium duty/heavy duty (MD/HD) Buses
6.3.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.3.3.4. Others (Autos)
6.4. Asia Pacific Compressed Natural Gas (CNG) Market Analysis, 2015 - 2025
6.4.1. Asia Pacific Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2015 - 2025
6.4.1.1. Japan
6.4.1.2. China
6.4.1.3. India
6.4.1.4. Rest of Asia Pacific
6.4.2. Asia Pacific Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2015 - 2025
6.4.2.1. Associated Gas
6.4.2.2. Non- Associated Gas
6.4.2.3. Unconventional Gas
6.4.3. Asia Pacific Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2015 - 2025
6.4.3.1. Light Passenger Vehicles
6.4.3.2. Medium duty/heavy duty (MD/HD) Buses
6.4.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.4.3.4. Others (Autos)
6.5. Latin America Compressed Natural Gas (CNG) Market Analysis, 2015 - 2025
6.5.1. Latin America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2015 - 2025
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2015 - 2025
6.5.2.1. Associated Gas
6.5.2.2. Non- Associated Gas
6.5.2.3. Unconventional Gas
6.5.3. Latin America Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2015 - 2025
6.5.3.1. Light Passenger Vehicles
6.5.3.2. Medium duty/heavy duty (MD/HD) Buses
6.5.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.5.3.4. Others (Autos)
6.6. Middle East & Africa (MEA) Compressed Natural Gas (CNG) Market Analysis, 2015 - 2025
6.6.1. MEA Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Country, 2015 - 2025
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Source, 2015 - 2025
6.6.2.1. Associated Gas
6.6.2.2. Non- Associated Gas
6.6.2.3. Unconventional Gas
6.6.3. MEA Compressed Natural Gas (CNG) Market Size (US$ Bn) (Mn cubic mtrs.), By Application, 2015 - 2025
6.6.3.1. Light Passenger Vehicles
6.6.3.2. Medium duty/heavy duty (MD/HD) Buses
6.6.3.3. Medium duty/heavy duty (MD/HD) Trucks
6.6.3.4. Others (Autos)

7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. British Petroleum plc.
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Positions/Portfolio
7.2.1.4. Key Developments
7.2.1.5. SWOT Analysis
7.2.2. Gazprom
7.2.3. Exxon Mobil Corporation
7.2.4. Royal Dutch Shell plc.
7.2.5. Total SA
7.2.6. China National Petroleum Corporation
7.2.7. Chevron
7.2.8. Eni SpA
7.2.9. Statoil
7.2.10. ConocoPhillips
7.2.11. Reliance Industries Ltd. (RIL)
7.2.12. Other Notable Players

List of Figures
Figure 01: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, 2015 - 20255
Figure 02: Global Compressed Natural Gas (CNG) Market Share (%) by Source, 2015 - 20255
Figure 03: Global Compressed Natural Gas (CNG) Market Investment Proposition by Source, 2016
Figure 04: Global Compressed Natural Gas (CNG) Market Share (%) by Application, 2015 - 20255
Figure 05: Global Compressed Natural Gas (CNG) Market Investment Proposition by Application, 2016
Figure 06: Global Compressed Natural Gas (CNG) Market Share Analysis (%) by Geography, 2015 - 20255
Figure 07: Global Compressed Natural Gas (CNG) Market Investment Proposition by Geography, 2016
Figure 08: North America Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 09: Europe Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 10: Asia Pacific Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 11: Latin America Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016
Figure 12: Middle East & Africa Compressed Natural Gas (CNG) Market Investment Proposition by Country, 2016

List of Tables
Table 01: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast by Source, 2015 - 2025
Table 02: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast by Application, 2015 - 2025
Table 03: Global Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Geography, 2015 - 2025
Table 04: North America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2015 - 2025
Table 05: North America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2015 - 2025
Table 06: North America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2015 - 2025
Table 07: Europe Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2015 - 2025
Table 08: Europe Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2015 - 2025
Table 09: Europe Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2015 - 2025
Table 10: Asia Pacific Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2015 - 2025
Table 11: Asia Pacific Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2015 - 2025
Table 12: Asia Pacific Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2015 - 2025
Table 13: Latin America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2015 - 2025
Table 14: Latin America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2015 - 2025
Table 15: Latin America Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2015 - 2025
Table 16: Middle East & Africa Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Country, 2015 - 2025
Table 17: Middle East & Africa Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Source, 2015 - 2025
Table 18: Middle East & Africa Compressed Natural Gas (CNG) Market Revenue (US$ Bn) & Volume (Mn cubic mtrs.) Forecast, by Application, 2015 - 2025
Table 19: British Petroleum plc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 20: Gazprom: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 21: Exxon Mobil Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 22: Royal Dutch Shell plc.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 23: Total SA: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 24: China National Petroleum Corporation: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 25: Chevron: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 26: Eni SpA: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 27: Statoil: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 28: ConocoPhillips: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 29: Reliance Industries Ltd. (RIL): Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
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